The
Supreme Cannabis Company Inc. (FIRE) (
TSX.FIRE) has announced today the closing of its previously announced that, at its special meeting of shareholders of Supreme, FIRE Shareholders approved the plan of arrangement with
Canopy Growth Corp. (
TSX.WEED) – the world’s largest cannabis producer – pursuant to which, among other things, Canopy will acquire all of the issued and outstanding common shares of Supreme for consideration consisting of 0.01165872 of a Canopy common share and $0.0001 in cash in exchange for each Supreme Share held, which was previously announced on
April 8, 2021.
The Arrangement required approval by at least two-thirds (66 2/3%) of the votes cast by Supreme Shareholders on the resolution approving the Arrangement, present virtually or represented by proxy and entitled to vote at the Supreme Meeting.
Full news release
here.
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